In general, Dimon said the London whale trade could lose more money this year, something many investors have been expecting. No specifics on the amount were given by Dimon. The problem, though, is mostly fixed.

Dimon also noted that it is "always possible" to break-up JPMorgan, if needed, though the process would take a couple of years.

On bank's buyback plans, Dimon said that initiative would start sometime in the first-quarter of 2013.

Shares of JPMorgan are ticking slightly higher on the comments, up 1.6 percent on the session.